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New data from Cornwall Insight reveals that profits for battery storage units are set to rebound by 2026. The data from Cornwall Insight’s GB Battery Revenue Forecast, shows rising wholesale prices and added price volatility, alongside renewable build out over the next few years, will lead to the rise in revenues.
New analysis has revealed that Battery Electric Vehicle (BEV) growth in Ireland over the past year has surged ahead of most major European countries. Here are the details:
New analysis from Cornwall Insight and Smart Energy GB has revealed the substantial cost-saving potential of household flexible electricity initiatives such as time-of-use tariffs, smart meters, solar PV and batteries.
An independent research paper from Cornwall Insight, commissioned by Smart Energy GB, has set out the part smart meters could play in getting a grip on the energy crisis in Great Britain.
Research from Cornwall Insight has found only a quarter of private EV drivers have made the switch to lower priced time of use tariffs, despite many drivers seeing their household electricity demand double after making the switch to an EV.
Renewables projects labelled as “scoping” currently represents 50% or 48.9GW of the total viable pipeline capacity, according to the latest analysis from Cornwall Insight.
In a recent statement, the consultancy Cornwall Insight has expressed their doubts that the market for new-build renewables will suffice to fulfil the targets set for net zero carbon emissions.
In March this year, the UK government reduced the Plug-in Car Grant by £500 to £2,500 for cars priced £35,000 (previously £50,000). However, despite the cut, more than half of EV models are still eligible for the grant.
The market for Power Purchase Agreements (PPAs) for renewable assets continues to be highly competitive, according to the latest survey results from Cornwall Insight’s PPA insight service.
According to Cornwall Insight's 'Renewables pipeline tracker', most regions across Great Britain showed a net increase in total capacity in the pipeline between April 2020 and March 2021.
Carbon prices, especially the EU Emission Trading System (ETS), have experienced considerable volatility over the last year, influenced first by COVID-19 and more recently by expectations of increased EU climate ambitions.
The latest figures from Cornwall Insight's Renewables Pipeline Tracker reveal the pipeline of renewable energy and storage projects across England, Scotland and Wales currently stands at 86GW.
Analysis by Cornwall Insight shows the number of public charge points per EV in the UK has fallen to its lowest level since 2018. In fact, for every one EV, there are 0.28 public charge points.
Here is a comment by Robert Buckley, Head of Retail and Relationship Development at Cornwall Insight, on the announcement of the UK government’s 10-point plan, which will mobilise 12 billion pounds of government investment for the energy sector:
Data published by the Society of Motor Manufacturers and Traders (SMMT) showed that by October more than 75,000 battery electric vehicles (BEVs) had been registered over 2020, representing more than the total BEV registrations for 2018 and 2019 combined.
Latest forecasts from Cornwall Insight show a potential shortfall in the Renewables Obligation (RO) buy-out fund of approximately half of the £16.94 million mutualisation threshold.
Research from Cornwall Insight’s ‘Balancing Mechanism Report’ highlights that there are significant changes in the technology type that has been providing balancing actions to the UK's National Grid Electricity System Operator (ESO), with activity from newer asset types seeing the greatest year-on-year increase.
Further research by Cornwall Insight into data published by the Society of Motor Manufacturers and Traders (SMMT) shows that despite a 97 per cent drop in vehicle sales and difficult market conditions, there continues to be demand for Battery Electric Vehicles (BEVs).
Here is what Conall Bolger, Head of Energy Markets at Cornwall Insight had to say on August 5th about the results of the Irish Renewable Electricity Support Scheme (RESS):
Research from Cornwall Insight’s ‘PPA market share report’ suggests that the number of flexible and renewable Power Purchase Agreements (PPAs) being signed is on an upward trajectory:
